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He wanted to go all out and maximise "company form". Same as optimizing your website for hundred of thousands of visitors even if you have only like one hundred
by Bombthecat 3mo ago
He wanted to go all out and maximise "company form". Same as optimizing your website for hundred of thousands of visitors even if you have only like one hundred visitors...
- earcar 3mo agoYou get one chance at getting your company form right. Any other new chance costs a ton of money in restructuring. Software is malleable, companies are less so.
- WaitWaitWha 3mo agoI am not familiar with German business entity structures, so this is very interesting. So, if I started a sole proprietorship, it is not possible to convert it to a full blown, privately held corporation in Germany?
- saltmate 3mo agoIt is obviously possible, the process is probably very similar in effort and expenses to founding it in that form directly.
- Aurornis 3mo agoIf the parent comment is correct and this form is necessary for personal financial protection, I wouldn’t consider that “all out”. That’s the bare minimum consideration for a viable company structure.
- valzam 3mo agoOP wanted to set up a nested copmany structure. Instead of Person -> LLC it goes Person -> Limited Partnership --> LLC. The in between company is only for tax-efficiency and has nothing to do with limited liability.
- kuschku 3mo agoEven then you'd usually go with a Person -> Holding UG -> Startup UG structure. That's a few hours and less than a thousand Euros.
- mpweiher 3mo agoIt's not.
- dgellow 3mo agoIt’s not necessary. They did something completely overkill